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Jan 26, 2013
01/13
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now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see something like the senator from georgia who says today he's not going to run. he said nothing to do with the fact he split had tea party challenge coming up. but people like that, mitch mcconnell, senate minority leader, getting a little nervous. >> i think that is a real link between what john is talking about. in that the people who are in office have got to worry about the tea party and its demands for these really significant cuts. and then you have r.n.c. down in charlotte saying, let's not focus on those things anymore at an event, by the way, where no tea party person was invited. how can they balls t
now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see...
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Jan 26, 2013
01/13
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we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this across the board budget ax. we're going to come back, we're going to rethink this and we're going to try to get those savings in a more -- in a smarter way. and that hope as it were is pretty much shot now when you talk to the republicans and democrats in the congress. republicans believe many of the deficit hawks out there believe this is the best chance they have for cutting spending. it's going to become law on march 1st. it's already on the way to taking effect. and democrats are happy to replace some of those cuts, particularly in the military side, but they want to do it with tax increases which
we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this...
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Jan 26, 2013
01/13
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history, or if you can use the debt ceiling, which you can, in the end, pull the trigger on -- which you cannot, in the end, fully drawn. it would be catastrophic. it means to have to cut spending by 40% overnight, which you cannot do. unless you can execute the glove, don't good because obama will call it as he called it on generate first of this year, has he would with the debt ceiling. don't execute if you cannot carry out the block. i hope you weren't applauding carry out the blood appeared in which case, my entire argument is undermined and has gone nowhere. >> i think there is a small contingent. >> and they are on suicide watch. i hope their shoelaces have been removed. [laughter] so you do what i think the house members in their retreat in williamsburg very cleverly did. you pick your fights and you don't try to govern from one house. you get very small advances. i recommended last week, that in return for a temporary debt ceiling for three months, the the return to the senate and produce a budget. they adopted the idea and they have already succeeded. the senate will now pro
history, or if you can use the debt ceiling, which you can, in the end, pull the trigger on -- which you cannot, in the end, fully drawn. it would be catastrophic. it means to have to cut spending by 40% overnight, which you cannot do. unless you can execute the glove, don't good because obama will call it as he called it on generate first of this year, has he would with the debt ceiling. don't execute if you cannot carry out the block. i hope you weren't applauding carry out the blood appeared...
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Jan 25, 2013
01/13
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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Jan 24, 2013
01/13
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MSNBC
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no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass budget resolutions by april 15th, and if they don't, representatives and senators will not get paid, which is of course, wildly unconstitutional. the 27th amendment prohibits congress from modifying their own paychecks in any way. they can vote to change the pay for future congress only, but republicans passing an unconstitutional bill, while at the same time relieving the pressure on the debt ceiling was welcomed by some democrats as republicans moving from out-right crazy to half-crazy. >> i'm not sure w
no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt...
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Jan 24, 2013
01/13
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not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't have to make fundamental cuts in entitlements. i think that's wrong. i think we have to make substantial cuts in entitlements. we should make substantial cuts in many other components of expenditure as well, defense and nondefense in that trying to address our long term fiscal situation with higher taxes is is going to destroy the economy. gerri: democrats are beating the drum on this already. anyone you listen to from that side of the house is really talking about higher taxes. republicans and conservatives in general like to talk about the power of economic growth. could robust growth that a l
not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't...
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Jan 28, 2013
01/13
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FOXNEWS
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that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism called sequester. that means $1 trillion will be cut across the board. $500 billion out of defense. across the board. >> in a meat ax approach that will hollow out the force if it happens. >> one of the nation's largest defense contractors general dynamics based in false church virginia reported $2 billion in losses. blaming the upcoming defense cuts. the aerospace industry association estimates that $450,000 jobs will be lost in virginia, maryland and washington, d.c. if dequest ration cuts take place in march, which could be devastating to the local economy. >> we are talking about somethi
that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism...
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Jan 24, 2013
01/13
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CNBC
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in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi
in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that...
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Jan 31, 2013
01/13
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he neglects to include that both democrats and republicans agreed to that 2011 debt ceiling with that set in motion, more than $500 billion in defense cuttings and whatever. it's the selective mind of everybody, you know, this is -- this is you know, if the defense -- if the -- if the defense cuts are contributing to this, or anything, have you to look at the fact who, agreed to it. it was both parties. >> you are absolutely right. also, i think that -- mr. carney needs to understand that the whole term of sequester emanated out of the white house. and so, we have to start sitting down and saying, look, the direction we are going is not right. what do we need do as far as the personal income tax rate so we can stimulate growth, especially for the small businesses, sub-chapter "s." we saw an incredible selloff in december because people were concerned about the increase in the dividend tax rate. we have to start looking at our regulatory policy. already being we have seen 5,700 pages of new regulations from the federal government. that's going to affect the growth of this economy. we h
he neglects to include that both democrats and republicans agreed to that 2011 debt ceiling with that set in motion, more than $500 billion in defense cuttings and whatever. it's the selective mind of everybody, you know, this is -- this is you know, if the defense -- if the -- if the defense cuts are contributing to this, or anything, have you to look at the fact who, agreed to it. it was both parties. >> you are absolutely right. also, i think that -- mr. carney needs to understand that...
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Feb 1, 2013
02/13
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CNBC
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today the senate agreed with the house and passed an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the absence of cutting spending someplace to replace those 1.2 -- >> got to take it where you get it. >> it's not the only way we're going to get it. >> it's never a good time to cut spending. it's one of the things i've learned. i guess i saw it years ago when i worked down there. but reporting on this thing night after night, one of the things i learned, senator moran, is it's never a good time to cut spending. so march 1st is an interesting deadline. >> i'm not voting to set the sequester aside unless we cut the 1.2 trillion someplace else. >> good luck on that. senator jerry moran of kansas, thank you ve
today the senate agreed with the house and passed an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the...
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Jan 25, 2013
01/13
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ceiling is no big deal, that we could raise the debt ceiling only if we cut government spending as well. but where were they during those years? those very difficult or years? and incidentally, aye compile -- i've compiled the voting records on the debt increases that president bush requested during those years. and i hope, mr. chairman, i could insert them into the record. >> without objection. >> thank you. many senior members of this committee routinely voted to raise the debt ceiling during those years even though the money for the tax cuts and the wars was put on emergency basis for the purpose of hiding the costs. so i'm pleased that we're coming around to a more reasonable position today, and i hope that we're going to find a common path forward on many of these issues. mr. johnson, you state in your testimony that low unemployment depresses tax revenue, and this is the mayor reason for -- major reason for our current deficits and why they're so large. once the economy recovers fully and the unemployment rate is lowered, it certainly will take some of the pressure off of these di
ceiling is no big deal, that we could raise the debt ceiling only if we cut government spending as well. but where were they during those years? those very difficult or years? and incidentally, aye compile -- i've compiled the voting records on the debt increases that president bush requested during those years. and i hope, mr. chairman, i could insert them into the record. >> without objection. >> thank you. many senior members of this committee routinely voted to raise the debt...
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Jan 31, 2013
01/13
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ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to do as far as the personal income tax rate to stimulate growth especially sub chapter "s" corporations. what week do with dividend situation. people were concerned about the dividend tax rate. we need to look at regulatory policy. already we have seen 5700 pages of new regulations from the federal government. that is going effect this economy. we need the effective monetary policy also. >> those are the correct solutions. those are good ideas. we have real leadership where people are willing to rise above and sit down and see what works and what doesn't work. that is not what
ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to...
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Jan 31, 2013
01/13
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and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to this. they threaten to inflict the maximum possible economic damage if the debt ceiling isn't raised promptly upon the point at which they run out of their maneuvering room. so you hear threats about default on our debt and senior citizens won't get their social security check and our military folks won't get paid, all kinds of the most disruptive, most damaging and most dangerous kinds of outcomes are threatened by the administration. now, this is unnecessary, this isn't true, this isn't what would happen, but there is an incentive, of course, to try to scare and intimidate republicans into giving the administration the unconditional ability to just keep on borrowing and spending as they have been doing, and that's why we hear this. well, what my amen
and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to this. they threaten to inflict the maximum possible economic damage if the debt ceiling isn't raised promptly upon the point at which they run out of their maneuvering room. so you hear threats...
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Jan 31, 2013
01/13
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melissa: so forget the debt ceiling for a moment. we're just one month away from march 1st. that is the budget sequestration deadline. if congress fails to agree on specifically where to cut $85 billion, we're looking at automatic across-the-board cuts. house republicans made it clear they're ready to let the sequester happen. joining me now for more on this is democratic congressman curt schrader. thanks so much for joining us. what's going to happen? that's what we're all wondering? feels like we're cruising toward this deadline. what is going to happen? >> well, i'm worried, melissa, to be very honest with you. you're right if we don't get our act together do something on tax reform and the social safety net americans count on. we'll have across-the-board cuts. why do it with congress. we could have a bunch of chimpanzees to do this. melissa: don't tempt me. you sort of stopped me dead in my trackses with that one. is something going behind the scenes that we don't know about? doesn't seem like we're not getting closer. at the debt ceiling with hemming and hawing but at l
melissa: so forget the debt ceiling for a moment. we're just one month away from march 1st. that is the budget sequestration deadline. if congress fails to agree on specifically where to cut $85 billion, we're looking at automatic across-the-board cuts. house republicans made it clear they're ready to let the sequester happen. joining me now for more on this is democratic congressman curt schrader. thanks so much for joining us. what's going to happen? that's what we're all wondering? feels...
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Jan 29, 2013
01/13
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CURRENT
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 30, 2013
01/13
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CURRENT
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police budgets, to -- you know supposedly deal with this debt ceiling -- the last time i checked, 87 americans did not die from the fiscal cliff or the debt ceiling. they are dying from unrestricted access to guns and congress is to blame. >> jennifer: give us some hope. if you have to put your prognosticating hat on, which of the measures are going to get through this congress? will there be an assault weapons ban, background checks and a ban on high-capacity magazines. >> if general mccrystal continues to speak out that these are designed for war and maximum body damage, not for a civilized society, we might get that ban on assault weapons. we should get a universal background check for all gun sales so it's harder for criminals, the mentally ill and terrorist groups that come to u.s. gun shows because they can buy assault weapons without a background check in this country, we should be able to get that. the ban on high-capacity ammunition clips is just common sense. we should get consumer protection standards like we have for toy guns but not real guns and then lindsay graham is s
police budgets, to -- you know supposedly deal with this debt ceiling -- the last time i checked, 87 americans did not die from the fiscal cliff or the debt ceiling. they are dying from unrestricted access to guns and congress is to blame. >> jennifer: give us some hope. if you have to put your prognosticating hat on, which of the measures are going to get through this congress? will there be an assault weapons ban, background checks and a ban on high-capacity magazines. >> if...
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Jan 27, 2013
01/13
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mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have big problems. huge issues that need to be solved in our country. it looks like we are going to be lurching every six weeks to another silly drip drap showdown for four years. is that what we are looking at here? >> what the republicans have done is always keeping this administration on the defense from a fiscal standpoint. your point was brilliant in how you worded it. every six months we have the conversation where the republican party wants to be. they want to rebrand themselves as fiscal austerity and fiscal restraint. medicare part d and iraq. that was so ten years ago. but to my earlie
mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have...
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Jan 24, 2013
01/13
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the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt limit until there is a long-term plan to deal with the fiscal crisis that faces our country. >> and now the de
the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10...
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Jan 28, 2013
01/13
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that was to pay for the last debt ceiling increase. >> one of the nations largest federal contractors, general dynamic, announced in recent days a $2 billion loss which it is blaming on defense cuts and falling government demand. >> the measures will have to be taken. layoffs and the defense industry. most importantly to me, devastating growth to our national security at the sequestration takes place. it is up to congress and the president to act together. frankly, so far, i have not been the type of urgency that many of us feel about sequestration and its implementation. >> it seems that the war being wound down in afghanistan that the real fight is beginning at home for tighter budgets. melissa: jennifer griffin, thank you very much. illinois heading to disaster. joining us now, dan rutherford. that is coming up. lori: are you overeducated and underemployed? the new normal of this job recovery. ♪ . . . .. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a busi
that was to pay for the last debt ceiling increase. >> one of the nations largest federal contractors, general dynamic, announced in recent days a $2 billion loss which it is blaming on defense cuts and falling government demand. >> the measures will have to be taken. layoffs and the defense industry. most importantly to me, devastating growth to our national security at the sequestration takes place. it is up to congress and the president to act together. frankly, so far, i have...
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Jan 24, 2013
01/13
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we want to remind you, in case you missed it, the house passed a bill yesterday suspending the debt ceiling. here is a baltimore sun piece. also on page 6 of "the baltimore sun" is a picture of john boehner and says -- they show the speaker in a photo saying it would cut the deficit twice as fast as other plants. the speaker is also out there making a speech to the society. the headline basically says this -- his focus is basically to annihilate the republican party. here's a look at you to but. [video clip] >> from what we heard yesterday, it is pretty clear to me -- it should be clear to all you he knows he cannot do any of that as long as the house is controlled by republicans. we are expecting over the next 22 months to be the focus of this administration as they attempt to annihilate the republican party. i do believe that is their goal. and just to shut us into the dustbin of history. host: these were remarks to the ripon society. they go on to write to that the transcripts or accurate, and noted that the speaker regularly attends the event. perhaps we will hear more about this in the
we want to remind you, in case you missed it, the house passed a bill yesterday suspending the debt ceiling. here is a baltimore sun piece. also on page 6 of "the baltimore sun" is a picture of john boehner and says -- they show the speaker in a photo saying it would cut the deficit twice as fast as other plants. the speaker is also out there making a speech to the society. the headline basically says this -- his focus is basically to annihilate the republican party. here's a look at...